Ok so the next update on the 1522 Latham 38106 project.After a series of storms rolled through the area, the grass was not cut in a timely fashion.

Hello Community--As we roll towards the end of 2024, I would love your insight on the coming Spring market. 

You only roll over the 2mm, take a 500k cash out and then claim the 500k sec 121 exemption.You can think of it like taking the 500k off the top, then the remainder functions as a normal 1031 exchange would.

The notice of sale must include an executed duplicate original of the third-party purchase agreement and make available specific details about the property including the most recent rent roll, list of vacant apartments, income and expense report for the 12 month prior to the notice and any other information the Housing Commissioner may specify by rule.Tenants’ first right to purchase the building before a third-party (‘Right of First Refusal’)Tenants in buildings with five or more dwelling units have a period of 90 days from receipt of ‘notice to sell’ to form a union to exercise their “right of first refusal.”

@Jacob CampbellMy understanding is you cannot sell your relinquished property and roll over proceeds into a property you own to payoff debt. 

If you don't have a point of contact at PadSplit, I'd be happy to connect you with one so you can get the ball rolling ASAP. 

Funny how, as the years roll by, there’s been a major shift in my approach.

However it’s hard to get that ball rolling without any deals under my belt even though I do have experience with managing a syndication and property management through my professional career. 

So they are selling and rolling that into several income producing properties.

All that being said, beggars can't be choosers, and when you're going after your first property it's more important to get your foot in the door and learn the business than it is to make a killing on your first unit - i.e. if you have to make a slim margin to get a great case study, that's better than trying to charge 30% for something you've never done before and spending a year trying to convince someone to roll the dice on you.